ANNOUNCEMENT 29 Jan 2012In January 2012, the government of China announced changed incentives for foreign investors entering the country.
NUMBER OF INTERVENTIONS
'China Announces Import Tax Treatment to 'Encouraged' Foreign-Invested Projects'
On 29 January 2012, China clarified the favorable import tax treatment to 'encouraged' foreign-invested projects (FIPs) in connection with the Catalogue for the Guidance of Foreign Investment Industries (Amended in 2011). Starting on 30 January 2012, FIPs listed in the 'encouraged' category in the 'Foreign Investment Industrial Guidance Catalog (2011 Version)' are exempt from customs duties when investors import equipment (for self-use) and technology, accessories as well as spare parts that come along with the equipment based on related agreements.